Trian Partners, the investment vehicle of Nelson Peltz, revealed Friday that Wendy's International has rejected two offers it has made to acquire the fast-food giant. Trian also said that it will seek to call a special meeting of shareholders.
In a filing with the SEC, Trian stated that a special committee of Wendy's board of directors rejected two acquisition proposals made by Trian and Triarc, the operator of the Arby's fast-food chain. The suitors said in a letter that they were "very concerned"about the direction of the company.
In a filing with the SEC, Trian stated that a special committee of Wendy's board of directors rejected two acquisition proposals made by Trian and Triarc, the operator of the Arby's fast-food chain. The suitors said in a letter that they were "very concerned"about the direction of the company.
